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PCI-DSS: Does it sound Greek to you?

Category: Ecommerce

PCI-DSS: Does it sound Greek to you?
Mohab Ecommerce 0

PCI-DSS: Does it sound Greek to you?

Ever seen the green logo at the bottom of the checkout page for an e-commerce site? The PCI-DSS logo. You must have wondered what does the logo signify? Well, it is a mark of authentic security verification for the site and all the payment gateways associated with the particular site.

PCI-DSS stands for Payment Cards Industry- Data Security Standard. It is a worldwide industry body which verifies the security measures in place with regards to a payment gateway, an e-commerce site and banks as well. The certification and compliance measures are executed through globally approved scanning vendors of PCI-DSS.

One such vendor goes by the name of SISA, which recently audited PayTabs’ India office and ensured that operations in the particular office meets their security standards. SISA is a vendor which operates across the globe for PCI-DSS.

The PCI-DSS certification & compliance helps instill confidence among the uconsumer to provide their card details to the site or the payment gateway, because the card data is SSL encrypted or TLS 1.2 encrypted, thereby ensuring maximum security for the consumer’s card data.

The basic parameter of a PCI-DSS audit is to check for devices within the organization which has the potential to store, process and transact card data. No card data should be stored openly in any of the devices in an organization. All data should be in encrypted format. The CVV of a particular card should not be stored under any circumstances.

Last but not the least, the PCI council which consists of leading payments solutions providers such as MasterCard, Visa, Amex, JCB, RuPay and Dicover.

As a customer, whenever you are using your card details or bank details on any site or payment gateway, it is imperative for you to check for PCI-DSS certification/data encryption denotion.

To gain more insight on the security imperative for payment gateways, click here.

You can now subscribe to our blog alerts and stay at the top of trends and knowledge in the context of e-commerce and payments. Moreover, if you are interested in experiencing the completely secure PayTabs payment solution, sign up for a free demo!

Please feel free to leave us a comment or a query below.

 

9 years ago
Payment Gateway Selection: 6 Factors to be Considered
Mohab Ecommerce 0

Payment Gateway Selection: 6 Factors to be Considered

If you take a step back and look at the entire e-commerce ecosystem, you would realize that one of the key elements of an e-commerce portal is the effectiveness and efficiency of your Payment Gateway. As you are in the process of choosing a payment gateway, we are here to give you a ready reckoner on the factors to evaluate while considering a payment gateway.

  1. Security: In a world where cyber security risk has been growing by the day, it is critical for you to check the security parameters of the gateway. Look for a PCI-DSS certification apart from elements such as anti-fraud protection, 3D secure authentication for cards.
  2. Ease of Integration: There are multiple platforms, on which your e-commerce portal might have been built, be it Magento, Shopify, OpenCart, Woo Commerce, PrestaShop, etc. The payment gateway should be easy to integrate onto any of these shopping cart platforms. Whether it is Mobile SDK, Direct API, iFrame or Express Checkout, the method of integrating with your shopping cart should be hassle free with minimum documentation.
  3. Mobile Optimization: The penetration of mobile onto or lives has been wide reaching an m-commerce is at the forefront of the mobile revolution. Customers are shopping through the mobile like never before. As per latest data, over 2 Billion mobile and tablet consumers will engage in some form of mobile commerce transaction by the end of 2017*. The gateway you select should provide a seamless shopping experience for the customer, irrespective of the type of device.
  4. Merchant Support: Payment Gateway technology support is critical to the success of your e-commerce portal in today’s day and age. 24×7 dedicated support is an imperative for you. It is basic but very critical for you.
  5. Currencies and Alternative Payment Methods: The world has indeed become a small place and the consumer can be located anywhere. It is therefore a necessity in today’s global marketplace that a payment gateway has provisions for payments in multiple currencies and a plethora of alternative payment methods to enhance customer experience.
  6. Fees: The operative word in the realm of fees is transparency. Set up fees, transaction fees, net banking transaction fees, different transaction fees on different cards, annual maintenance fees, etc…. The entire gambit of fees can be burdening for an e-commerce entrepreneur. They key is to select a gateway, which has no hidden fees. All their fees need to be disclosed, before you sign on the dotted lines.

For more insights, you can subscribe to our blog alerts.

Moreover, you can evaluate the features on PayTabs and should you be interested in a free demo, you can sign up here.

*Data Source: E-Marketer & E-Consultancy

9 years ago
PayTabs
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